Study Show Northeast Ohio has Lowest Used Car Prices

 

Waikem-Auto-Family-Massillon-Used-Car-Sign

Northeast Ohio dealerships like the Waikem Auto Family in Massillon, Ohio, report the lowest prices of used cars in America, according to NADA.

The National Automobile Dealers Association and CarGurus.com say Northeast Ohio is the most affordable area to buy a new used car.

NADA and Cargurus.com recently released it study earlier this month, reporting that if you are looking for a used car in Northeast Ohio,  you are getting one at the lowest cost in the country. According to their study, used cars in Cleveland, Ohio, cost on average nearly 6 percent less than the national average. Used cars in Akron, Ohio, cost 4 percent less than the national average. Many other Great Lakes Cities, such as Buffalo, NY, Detroit, MI and Toledo, Ohio, also made the list of least expensive cities to buy a new car.

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Hyundai Models Awarded KBB’s Lowest Cost to Own

2013-Hyundai-Veloster-Turbo

The 2013 Hyundai Veloster Turbo has one of the lowest costs of ownership, according to Kelley Blue Book and KBB.com

Three Hyundai models have the lowest cost of ownership in their first five years, according to Kelley Blue Book and kbb.com.

The 2013 Hyundai Veloster, 2013 Hyundai Veloster Turbo and 2013 Hyundai Sonata will have the least expensive ownership of any model in their class, according to annual study released by Kelley Blue Book and kbb.com Tuesday.

Kelley Blue Book’s 5-Year Cost to Own Award accounts for nearly all expenses of car ownership, including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models. The awards exist to help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lower projected five-year total.

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